Italo American Charitable Trust Association
EIN: 223420071 · Providence, RI · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $33K |
| Net Assets | $84K |
Is Italo American Charitable Trust Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Italo American Charitable Trust Association
Italo American Charitable Trust Association (EIN: 223420071) is a nonprofit organization based in Providence, RI, classified under NTEE code B82. The organization reported total revenue of $61K and total assets of $77K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Italo American Charitable Trust Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Italo American Charitable Trust Association is a micro nonprofit that has been operating for 30 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $33K |
| Surplus / Deficit | $-9,504 |
| Total Assets | $84K |
| Net Assets | $84K |
| Operating Margin | -40.2% |
| Months of Reserves | 30.5 months |
Financial Health Grade: B
In 2023, Italo American Charitable Trust Association reported a deficit of $10K with expenses exceeding revenue, holds 30.5 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Italo American Charitable Trust Association's revenue has declined at a compound annual growth rate (CAGR) of -22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.1% | +34.3% | -10.1% |
| 2022 | -40.8% | +23.0% | -6.0% |
| 2021 | +607.9% | -3.8% | +13.2% |
| 2020 | -93.0% | -48.4% | -15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Italo American Charitable Trust Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Italo American Charitable Trust Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Italo American Charitable Trust Association
Is Italo American Charitable Trust Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Italo American Charitable Trust Association (EIN: 223420071) insufficient data. 0 red flags identified, 0 strengths noted.
How does Italo American Charitable Trust Association spend its money?
Detailed spending breakdown data is not yet available for Italo American Charitable Trust Association. Check back for updated IRS 990 analysis.
Are donations to Italo American Charitable Trust Association tax-deductible?
Italo American Charitable Trust Association is registered as a tax-exempt nonprofit (EIN: 223420071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Italo American Charitable Trust Association located?
Italo American Charitable Trust Association is headquartered in Providence, Rhode Island and files with the IRS under EIN 223420071. It is classified under NTEE code B82.
How many years of IRS 990 filings does Italo American Charitable Trust Association have?
Italo American Charitable Trust Association has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $61K in total revenue.
Filing History
IRS 990 filing history for Italo American Charitable Trust Association showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Italo American Charitable Trust Association's revenue has declined by 63.2%, moving from $64K to $24K. Total assets decreased by 19.4% over the same period, from $104K to $84K. Total functional expenses fell by 18.1%, from $40K to $33K. In its most recent filing year (2023), Italo American Charitable Trust Association reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $33K | $84K | $0 | — | View 990 |
| 2022 | $19K | $25K | $94K | $0 | — | View 990 |
| 2021 | $32K | $20K | $100K | $0 | — | View 990 |
| 2020 | $4K | $21K | $88K | $0 | — | — |
| 2019 | $64K | $40K | $104K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $33K, and assets of $84K (revenue +26.1% year-over-year).
- 2022: Revenue of $19K, expenses of $25K, and assets of $94K (revenue -40.8% year-over-year).
- 2021: Revenue of $32K, expenses of $20K, and assets of $100K (revenue +607.9% year-over-year).
- 2020: Revenue of $4K, expenses of $21K, and assets of $88K (revenue -93.0% year-over-year).
- 2019: Revenue of $64K, expenses of $40K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Italo American Charitable Trust Association:
Data Sources and Methodology
This transparency report for Italo American Charitable Trust Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.